LOS ANGELES – Japanese stocks rose in early Monday trading, with weaker-than-expected trade data pushing the yen lower, which in turn helped some export stocks. The Nikkei Stock Average added 1% to 14,704.36, with the broader Topix up 0.8%, also enjoying support from gains Friday in the U.S. After data showing exports grew less than analysts had projected, the dollar moved back above the 98-yen level, sending some exporters climbing, with a 2.2% rise for Fujitsu Ltd. , a 1.2% improvement for Alps Electric Co. , and a 1% bump for Toyota Motor Corp. . Shares of Suzuki Motor Corp. added 2.9% after a Nikkei report saying the company would record its highest-ever operating profit for the April-September half. Retailers were also a strong spot Monday, with J. Front Retailing Co. up 2%, online marketplace Rakuten Inc. adding 2.4%, and 7-Eleven operator Seven & I Holdings Co. ahead by 1.4%.
Copyright © 2013 MarketWatch, Inc.